£83,292
This estimated value is based upon the latest sale price for the house of £50,000 on 29 Aug 2013. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £50,000 | 29 Aug 2013 |
| £52,000 | 5 Aug 2004 |
| £31,000 | 16 Apr 2003 |
| Terraced |
| Leasehold |
| Floor Area: 78 sq meters or 841 sq feet |
This model uses changes in the Official Land Registry House Price Index for GREATER MANCHESTER to estimate the market value.
When this house was purchased in August 2013 the House Price Index for GREATER MANCHESTER was 89.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 66.584%.Applying this 66.584% change to the original purchase price of £50,000 results in an estimated price of approximately £83,292.
| 29 Aug 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 89.9 | 149.7 | 66.584 % | £50,000 | £33,292 | £83,292 |
The Postcode Pricing Model uses changes in average sales price within the BL3 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 70.696 % | £35,348 | £85,348 |
| 3 Month Average | 72.730 % | £36,364 | £86,364 |
| 6 Month Average | 68.299 % | £34,149 | £84,149 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Oct 2023 | £151,439 | £148,000 | 32 PENNINGTON ROAD |
| 28 Jun 2023 | £102,045 | £100,000 | 87 RUPERT STREET |
| 28 Nov 2022 | £124,418 | £125,000 | 80 CALVERT ROAD |
| 16 Nov 2022 | £100,032 | £100,500 | 82 PENNINGTON ROAD |
| 10 Sep 2021 | £99,872 | £92,000 | 58 PENNINGTON ROAD |
This house has a floor area of 78 sq meters or 841 sq feet when measured on 13 Oct 2011. Using an estimated price of £83,292 means this house is valued at £1,064 per sq meter (£98 per sq foot).
The average size of a house on PENNINGTON ROAD is 89 sq meters (960 sq feet).